Kraken has announced the expansion of its xStocks product to Binance-backed BNB Chain, marking a significant step toward making tokenized US equities more accessible globally. According to a July 9 statement, Kraken’s users outside the United States will soon be able to deposit and withdraw tokenized stocks, such as AAPLx, TSLAx, SPYx, and NVDAx, via […]
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Kraken has been gaining momentum over the past month, with its market share climbing to 29% since the start of the year.
The launch of xStocks on BNB Chain comes on the heels of debuting on Solana DeFi protocols last week.
Kraken and Backed are expanding xStocks support to BNB Chain, enabling users to trade tokenized U.S. equities as BEP-20 tokens.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The newly-created firm led by former Hut 8 CEO Jamie Leverton plans to hold a basket of cryptos, including bitcoin, ether and solana.
The company is tapping blockchain-based “contests” platform Jokerace for the occasion, according to an announcement on Thursday.
With U.S. policy finally unlocking growth, Santori sees now as the moment to invest in the convergence of the two worlds.
A trade association is urging the SEC to deny companies the opportunity to offer tokenized equities through specific exemptive relief.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tokenization of equities is gaining steam, with several crypto exchanges moving towards offering on-chain stock trading on their platforms.
Krak users can earn up to 4.1% rewards for holding the stablecoin Global Dollar (USDG) and up to 10% staking rewards for other digital assets.
The Krak app allows users to instantly transact across borders for almost no cost, while earning competitive rewards on their account balances.
Kraken will now be able to offer crypto services across the 30 countries in the European Economic Area
The MiCA license, granted by the Central Bank of Ireland, enables Kraken to offer crypto services across 30 EEA member states.
The company has claimed the bragging rights of becoming the first U.S.-listed crypto treasury firm with on-chain equity in Kraken’s xStocks launch.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kraken has launched bitcoin "staking" via a new integration with Babylon, enabling users to earn passive rewards on their spot BTC holdings.
Kraken users will now be able to stake their bitcoin directly, locking it in a custodial vault on the native chain.
Prenetics purchased 187.42 BTC at an average price of $106,712 per Bitcoin via a Kraken custody account.
Participants in the protocol will be eligible for INK airdrops, with further details to be announced. However, INK enters a crowded market where most new tokens, even those with venture backing and protocol traction, tend to trend downward after launch.
The move could pit the crypto exchange against Robinhood and Schwab.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Ink Foundation said there will be a hard cap of 1 billion INK tokens, which will not be used for protocol governance.
Kraken's survey found that 31% of respondents saw advancements in security could help protect digital asset funds.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kraken Prime will offer institutional crypto clients trading, custody and financing through a unified platform.
Kraken joins Coinbase Prime and FalconX in offering prime brokerage services to institutional crypto clients.